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On February 19, 2020, The Dow Jones Industrial Average closed at 29348.03 and the S&P 500 closed at 3386.15. Boeing closed at 338.30 (about 0.6193%
On February 19, 2020, The Dow Jones Industrial Average closed at 29348.03 and the S&P 500 closed at 3386.15. Boeing closed at 338.30 (about 0.6193% of S&P index) and Walmart closed at 117.68 (about 1.1015% of S&P index) The DJIA divisor at that time was 0.147445684.
A) Suppose the next day the only Dow and S&P stock to close up was Boeing by 3% and the other remained unchanged. Show what would be the new DJIA value and S&P 500 level.
B) Does the stock have the same effect on the two indexes based on the percentage impacts?
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